Rutgers University Financial Statistics and Risk Management program

Rutgers University Financial Statistics and Risk Management program

Established
2011
Type
Full-time, part-time
Tuition
$45,000
Application deadline
Rolling
Location
Piscataway, NJ
The Financial Statistics and Risk Management Program (FSRM) at Rutgers University offers a 30-credit Master’s degree in Statistics focused on the analysis and modeling of financial data and risk management. Unlike traditional quantitative finance programs that focus primarily on mathematical modeling for developing and pricing complex derivative products, the FSRM Program is unique in heavily emphasizing statistical tools and data analytics for measuring, monitoring, managing and mitigating uncertainty, risk and volatility. Courses are taught by a faculty of experts in the mathematics of uncertainty and in statistical modeling and data analysis. Industry practitioners also contribute to instruction and training. As of Spring 2019, professors of practice included Gordon Ritter, Risk.net’s buy-side quant of the year award winner.

With the marked increase in applications of machine learning and artificial intelligence in finance, the FSRM program is well positioned to prepare students for roles in this new frontier of finance given its heavy focus on statistics and data analysis – two core building blocks and competencies needed for machine learning and artificial intelligence applications. Courses are offered in the evening and the program is often completed in 3 semesters. Students can enroll full-time or part-time.

Program website: Financial Statistics and Risk Management | School of Arts and Sciences - Rutgers, The State University of New Jersey
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